Key Market Insights & Notable Stock Movements on January 29
DENVER, Colo., Jan 29, 2025 (247marketnews.com)- 24/7 Market News, a trusted source for real-time financial news and market analysis, highlights today’s most significant stock movements and breaking developments shaping the financial landscape.
Apple, SpaceX, and T-Mobile Partner to Expand iPhone Satellite Connectivity
In a major industry shift, Apple Inc. (NASDAQ:AAPL) has reportedly been working. behind the scenes, with SpaceX and T-Mobile (NASDAQ:TMUS) to integrate Starlink satellite support into its latest iPhone software, according to Bloomberg. This strategic move could redefine mobile connectivity, providing iPhone users with a satellite-based alternative to Apple’s in-house communication service, significantly expanding coverage in remote and underserved areas.
The news could have significant implications for the telecom and satellite industries. T-Mobile’s collaboration with SpaceX, announced previously as part of its Coverage Above & Beyond initiative, is now extending into Apple’s ecosystem, further solidifying the role of low-Earth orbit (LEO) satellites in mainstream consumer technology. As traditional carriers compete to expand their reach, this partnership could reshape global connectivity, creating new revenue streams and competitive advantages.
Siyata Mobile Secures Major Transit Authority Deal
In other telecom news, Siyata Mobile Inc. (NASDAQ:SYTA) announced a major order for thousands of SD7 handsets from a western U.S. transit authority. This marks a major milestone in the shift from traditional radio-based communications to Push-to-Talk over Cellular (PoC) technology, driving SYTA shares up 10% today in pre-market.
Biotech Boom: Silexion Therapeutics (NASDAQ:SLXN) Surges higher in after hours and pre-market in a continuation of yesterday’s tumor news. Silexion on a second day stock surge, drawing investor attention with record premarket volume.
Broader Market Performance: Mixed Sentiment Across Key Stocks
Elsewhere, 60 Degrees Pharmaceuticals (NASDAQ:SXTP) is up in pre-market trading, while Ocean Biomedical (NASDAQ:OCEA) is also up in premarket on strong volume from its news.
Ocean Biomedical’s latest milestone strengthens its position in the biotech space, as its Scientific Co-founder, Dr. Jonathan Kurtis, secured additional NIH funding to advance a potentially game-changing malaria vaccine. Backed by a $3.5 million NIH grant and a $4.6 million non-governmental grant, the company is developing vaccine candidates targeting the glutamic acid-rich protein (GARP), a novel approach shown to correlate with natural malaria resistance. Recent FDA guidance on lipid-encapsulated vaccines could fast-track regulatory pathways, with human trials anticipated as early as Q4 2025. This development enhances Ocean Biomedical’s pipeline value and positions it for potential strategic partnerships or funding opportunities in the growing infectious disease market.
Siyata Mobile to Provide Market Update at Upcoming Press Conference
$SYTA announced an upcoming press conference, where company executives are expected to provide a market update on their latest deals, strategic outlook, and growth trajectory. Investors and industry analysts anticipate insights into the company’s expanding PoC technology adoption, revenue projections, and potential new contracts. The event is expected to reinforce Siyata’s position in the emerging critical communications market and may serve as a catalyst for further investor interest.
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